BGF injects £2.9m into Brownhills

The acquisition will extend the presence of the business's Brownhills Glass brand into north-east England.

Brownhills has already been embarking on a buy-and-build growth strategy, teaming up with Chelverton Asset Management to acquire Crawley-based Tufwell Glass in April 2014. It also founded Wiltshire-based Corsham Glass Centre in May 2013.

The announcement comes in the same week BGF invested £3.75m in luxury shoe brand Oliver Sweeney.

Debt
Lloyds supplied a debt package to support the PLG acquisition.

Companies
Established in 2012 following the buyout of Brownhills Glass, Walsall-headquartered Brownhills supplies glass to homeowners and trade customers including architects and interior designers. Following completion of the deal, the business will have a headcount of 120 across its four UK locations. Brownhill Glass was founded in 1977.

Headquartered in Peterlee, County Durham, PLG also supplies glass for the domestic and commercial markets. The business was also founded in 1977 and has worked on commercial projects including The British Museum and Fenwicks of Newcastle.

People
Gurinder Sunner and Paul Brindley led the deal for BGF. Nick Harrison is executive chairman of Brownhills.

Advisers
Equity – Gately, Simon Gill, Mark Canning (Legal); Neil James (Financial due diligence); Spencer Gardner Dickins, David Thomas, Ben Griffin (Tax).
Company – Intelligent Corporate Finance, Steve Thornhill (Corporate finance); Higgs & Sons, Adrian Cutler (Legal); Claritas, Iain Wright (Tax).

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• Topics
• Expansion
• UK / Ireland
• Industrials
• United Kingdom
• BGF (Business Growth Fund)